SHANGHAI, Aug. 5 (SMM)--Huludao Zinc Industry Company recently released its report for 1H 2011. According to the report, the enterprise will confront with difficulties brought by higher coal prices.
Energy costs at enterprises have been rising during 2011 due to high coal prices. Most attending enterprises and experts anticipated at the 2011 Northeast Asia Trade Fair held late July that, coal prices should rise in 2H, with growing domestic demand and rising international coal prices the dominant force. In this scenario, energy costs at zinc smelters will continue rising in response.
In the face of rising energy prices, the enterprise aims to enhance the quality of purchased fuels by further market study, raising operation accuracy, control well of purchasing frequency and enhancing beforehand quality control and afterwards examination.
According to SMM sources, costs at zinc smelters have been rising recent years, which will be even harder this year, and with the majority increases made by energy and manpower costs.
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